We urge recipients of such calls or e-mails to be
It looks like your browser does not have JavaScript enabled. Community Development Financial Institutions Fund
do not have such a program. “This joint effort between my administration, the legislature, and The Pennsylvania CDFI Network will provide critical assistance to Pennsylvania’s small businesses, putting them on better financial footing as they begin to reopen.”. For more information on these types of scams, please visit: US Treasury OIG fraud alerts:
Español), » Read the CDFI Fund Statement on Non-Discrimination, » View the CDFI Fund's Organizational Chart. Applications will continue to be accepted after 10 business days but will be considered for future rounds of funding, as this is not a first-come, first-served program. Eligible businesses will be able to use the grants to cover operating expenses during the shutdown and transition to re-opening, and for technical assistance including training and guidance for business owners as they stabilize and relaunch their businesses. The vision of the Community Development Financial Institutions Fund (the CDFI Fund) is an America in which all people and communities have access to the investment capital and financial services they need to prosper.
Community Development Financial Institutions Fund (CDFI Fund): Scammers have been calling, e-mailing, or otherwise contacting an individual asserting that the individual has been awarded a grant or a similar sum of money and requesting personal information or a sum of money to “release” the funds. Community development financial institutions (CDFIs) specialize in financing to underserved communities and businesses — including nonprofits. The CDFI Fund's mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a national network of community development lenders, investors, and financial service providers. Today, DCED Secretary Dennis Davin joined state Senate Democratic Leader Jay Costa, Senator Vincent Hughes, Senator John Blake, Representative Jordan Harris, Mark Masterson of Northside Community Development Fund, Leslie Benoliel of Entrepreneur Works, Jim Burnett of West Philadelphia Financial Services, and Dan Betancourt from the Community First Fund at a virtual press conference to announce the opening of the first of four application windows. October 1, 2014- Treasury commemorates the 20th Anniversary of the CDFI Fund.. February 2, 1996- First meeting of the Community Development Advisory Board. On January 20, 2015, Tom Wolf was sworn in as Pennsylvania’s 47th governor. U.S. Department of the Treasury Community Development Financial Institutions Fund, Building Native CDFIs’ Sustainability and Impact II, Access for All: Expanding CDFI Impact in the Disability Community, https://www.treasury.gov/about/organizational-structure/ig/Pages/OigOnlineHotlineForm.aspx, https://www.treasury.gov/about/organizational-structure/ig/Pages/fraud-alerts_index2.aspx, Community Development Financial Institutions Fund. September 23, 1994- The Riegle Community Development and Regulatory Improvement Act of 1991 is signed into law creating the Community Development Financial Institutions Fund (CDFI Fund) and the Community Development Advisory Board.
https://www.consumer.ftc.gov/scam-alerts, Community Development Financial Institutions Fund
1603 Program. Federal Insurance Office. The CDFI Fund achieves its purpose by promoting access to capital and local economic growth in the following ways: Since its creation, the CDFI Fund has awarded over $2 billion to community development organizations and financial institutions; it has awarded allocations of New Markets Tax Credits which will attract private-sector investments totaling $54 billion, including $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone. November 17, 2016 - Announcement that $7 billion in New Markets Tax Credit allocation authority was awarded in the combined 2015-2016 award round, the largest single award round in the history of the program. The Community Development Financial Institutions Program (CDFI Program) actively works to address these issues by investing federal resources—which are matched with private funding—in CDFIs working to serve low-income and underserved people and communities. October 14, 2010- Announcement that 23 CDFIs and nonprofit organizations received $80 million in first round of Capital Magnet Fund. United States Department of the Treasury, USA.gov|Grants.gov|Regulations.gov|OIG|Treasury.gov|Small & Disadvantaged Businesses|No Fear Act. August 21, 2009- CDFI Fund launches Capacity Building Initiative. through its Community Development Financial Institutions Program by directly investing in, supporting and training CDFIs that provide loans, investments, financial services and technical assistance to underserved populations and communities; through its New Markets Tax Credit Program by providing an allocation of tax credits to Community Development Entities which enable them to attract investment from the private-sector and reinvest these amounts in low-income communities; through its Bank Enterprise Award Program by providing an incentive to banks to invest in their communities and in other CDFIs; through its Native Initiatives, by taking action to provide financial assistance, technical assistance, and training to Native CDFIs and other Native entities proposing to become or create Native CDFIs; through its CDFI Bond Guarantee Program by issuing bonds to support CDFIs that make investments for eligible community or economic development purposes; and. U.S. Department of the Treasury Community Development Financial Institutions Fund, Building Native CDFIs’ Sustainability and Impact II, Access for All: Expanding CDFI Impact in the Disability Community, Read the CDFI Fund Statement on Non-Discrimination, View the CDFI Fund's Organizational Chart, Community Development Financial Institutions Fund. The PA CDFI Network is a group of 17 PA-based community development financial institutions that primarily provide financing options for small businesses. The Treasury Department and the CDFI Fund
“In unprecedented times, like those we are currently facing, collaboration is imperative to getting help to those who need it most, as quickly and effectively as possible,” said Gov. October 2, 2014- Announcement that $525 million was guaranteed in the first two rounds of the CDFI Bond Guarantee Program.
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